Shares of Netflix (NASDAQ: NFLX) were hit hard earlier this week. While the company did miss analyst estimates when it came to its subscriber growth, did Wall Street overreact by selling shares so aggressively? A closer look at Netflix's subscriber miss and some other key takeaways from the company's quarter show that this may be a great opportunity for investors to get in on this growth stock and potentially profit nicely over the long haul.
General Electric's energy spin-off company, GE Vernova, reported a wider-than-expected first-quarter loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales.
The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies' power to adopt broad rules. The commission in unveiling the rule on Tuesday said agreements not to join employers' competitors or launch rival businesses suppress workers' wages and stunt their mobility and job opportunities. About 30 million people, or 20% of U.S. workers, have signed noncompetes, the agency said.
Since Alberta introduced its Emissions Reduction and Energy Development plan last April, the provincial government has made "no meaningful progress" in the development and implementation of the plan, according to an analysis released Friday by the Pembina Institute. The assessment report found that in the last year, the government of Alberta had not begun preliminary stakeholder consultations, which it described as a "key first action in identifying how it will practically reduce emissions acros
The world's forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate change, the rise of non-banks, and digitalisation of finance. The Basel Committee on Banking Supervision, made up of banking regulators and central bankers from the G2O economies and other countries, last year set out proposals to revise its "core principles" for the first time since 2012. "The revised standard reflects changes to promote operational resilience, reinforce corporate governance and risk management practices, and address new and emerging risks, including the digitalisation of finance and climate-related financial risks," the committee said in a statement.
TORONTO — The Writers Guild of Canada says its members have voted to authorize a strike if negotiators can't reach a deal with the Canadian Media Producers Association. The WGC says 96.5 per cent of those who voted were in favour of authorizing a strike, and a record 70.2 per cent of eligible voters cast a ballot. A strike authorization vote doesn't necessarily mean a union will go on strike, it just gives them the option should negotiations break down. The CPMA says it will remain at the bargai
U.S. stocks slumped on Thursday as most megacaps fell after Meta Platforms' quarterly results, while sentiment was shaken amid signs of persistent inflation that dampened hopes of the Federal Reserve easing monetary policy anytime soon. Meanwhile, U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Fed would not cut interest rates before September.
Pedestrian hit by charter bus in Covington
A gang of voyeurs hid in mixed gender changing rooms at swimming pools to secretly film more than 5,000 young women getting undressed, a court heard.
Michael Penix Jr., quarterback for Washington, is projected to be one of the top QBs in the 2024 draft class. Here's where he may be go.
A Moroccan asylum seeker who claimed he was acting in revenge for the Israel-Hamas conflict has been convicted of murdering a pensioner in Hartlepool.
The two teachers and a pupil injured in a school stabbing in Ammanford have been discharged from hospital, Dyfed-Powys Police have said.
Virginia Moffat, 58, and Chris Cole, 60, carried out the offence as part of a protest to demand a ceasefire in the Israel-Hamas war.
In the global race to provide enough vaccines to tackle the ever-growing threat posed by cholera, one company is leading the field.
OTTAWA — International environmental advocates are calling for a petrochemical plant in southern Ontario to remain closed in light of reports about a benzene leak that continues to affect a neighbouring First Nation community. The letter, signed by more than 100 organizations around the world, calls on Canada's environment minister to take immediate steps to ensure the plant remains closed until the Aamjiwnaang First Nation deems it safe to reopen. The plant was closed over the weekend after emp
Theo Pourchaire faces a new challenge following his IndyCar debut — going from the streets of Long Beach to the road course at Barber Motorsports Park in Alabama. The 20-year old Frenchman, who is the reigning Formula 2 champion, gets his second turn racing for injured Arrow McLaren driver David Malukas on Sunday. “For me, it was something new,” Pourchaire said this week after McLaren said he would race Barber.
The Rare Beauty founder spoke about battling beauty standards at the Time100 Summit
The 2024 New Orleans Jazz & Heritage Festival begins Thursday. Here's what you need to know about the lineup and how to get tickets.
Stifel Financial Corp. (NYSE:SF) Q1 2024 Earnings Call Transcript April 24, 2024 Stifel Financial Corp. misses on earnings expectations. Reported EPS is $1.5 EPS, expectations were $1.62. SF isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome […]
He said he was paid $1,500 and given and AR-15, criminal complaint states.
Lorna Slater said ‘we no longer have confidence in a progressive government’.
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